THAT: Montana State University-Bozeman is authorized
to establish one or more "Scholarship and Stipend" account(s) within
the Designated Subfund. Transfers may
be made into the account(s) from the General Operating Subfund when excess
funds are made available through salary savings from grant funding. The “Scholarship and Stipend” account(s)
will be utilized exclusively for the regular transfer of funds to cover
recorded costs of scholarship and stipend expenditures recorded in the General
Operating Subfund.

EXPLANATION: MSU-Bozeman departments, at times,
realize salary savings by securing grant funding. At the request and option of departments, these amounts will be
transferred to account(s) within the Designated Subfund.

As scholarship and stipend expenses are incurred in general
operations accounts, they will be paid out of the appropriate General Operating
Subfund accounts. At fiscal year end, an amount of funds sufficient to cover
scholarship and stipend costs will be transferred from the Designated Subfund,
back to the general operations account(s).